The Ohio Statutory Power of Attorney Form is a Statutory template as specified and explained in the Ohio Uniform Power of Attorney Act (sections 1337.21 to 1337.64 of the Revised Code), it simply authorizes another person to act or make decisions on your behalf in matters relating to property, money or any business transaction, this Power of Attorney form however does not authorize the Agent to take your health related decisions.
How to Fill the Ohio Statutory Power of Attorney Form
Initially the document contains some important information regarding Statutory power, its rights, laws and how and when can it be nullified. It also states that one can appoint multiple agents for the same by mentioning the same in special instructions and it is not necessary that they have to work together. This power of attorney takes effect immediately unless given a specific date. After that the actions that require special authority are mentioned including; creating a trust, amend, revoke or terminate an inter vivos trust, even if specific authority to do so is granted to the agent in the trust agreement; make a gift; create or change rights of survivorship create or change a beneficiary designation; delegate authority granted under the power of attorney; waive the principal’s right to be a beneficiary of a joint and survivor annuity, including a survivor benefit under a retirement plan and exercise fiduciary powers that the principal has authority to delegate.
The main form begins with the full name of the principal followed by the full and legal name of the agent (first, middle, last), complete address with the zip code and their phone number. If the principal has appointed a successor agent then their full and legal name, complete address with the zip code and their phone number needs to be specified.
The next section contains a list of general authority or the powers that the principal wishes to be vested with the agent/s and the principal needs to select the powers for the same by placing their initials besides each option. After that the limitations that the agent/s are bound with are stated followed by any special instructions that the principal wishes to convey need to be specified in the special instructions column. If the principal wishes to nominate a guardian of the person and/or of the estate, they can do so by giving specifying their details under the “NOMINATION OF GUARDIAN” section.
Lastly, the document needs to be signed by the principal along with their full name, address, phone number and the form also needs to be notarized by the Notary Public. After that, there is important information for the agent which they need to read carefully and then sign the acknowledgement including their details, this part of the form also needs to be notarized again.